Crypto-backed candidates win key Texas primary runoffs
Crypto PACs threw serious money behind a handful of Texas runoffs, helping oust a senior Democrat and boost Republican hopefuls as lawmakers hammer out new US crypto rules.
Bitcoinist·
Bets on the Texas Republican Senate primary runoff topped $16 million in total volume on prediction platform Kalshi, which gave crypto-backed candidate Ken Paxton a 96% chance of defeating incumbent John Cornyn heading into Tuesday’s vote. Related Reading: Crypto Founder Takes Seat On SpaceX Journey To Mars The Kalshi platform had consistently favored the Democratic […]
Read full articleCrypto PACs threw serious money behind a handful of Texas runoffs, helping oust a senior Democrat and boost Republican hopefuls as lawmakers hammer out new US crypto rules.
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Christian Menefee defeats Al Green in Texas runoff after Fairshake-backed crypto PAC spending, giving pro-crypto forces a key House win.